‘The loan Rangers’ are a mess off the field and embarrassing on it

Such is the rapid growth of those payday lender companies that consistently clog up our screens with their ads of gormless looking puppets, it seemed only a matter of time before Rangers looked to obtain their services.

And so it came as no surprise last week to learn that the Ibrox club were indeed taking on a loan of around £1.5 million as a solution to fill the gap in the clubs coffers which many feared could result in the return of administration.

The club have been losing money at an alarming rate ever since £18million was raised via the IPO in December 2012 and the suggestion last month raised by chief executive Graham Wallace that Ally McCoist approach his squad to request they collectively take a pay cut set the alarm bells ringing amongst the club’s support.

Ever since the players rejected that proposal Wallace, as part of his 120 day review, has been forced to identify other potential areas where cuts could be made and with none to be found the club have been forced to go cap in hand to major shareholders, the mysterious hedge fund backers Laxey Partners, to help cover the cost of running the club until the summer with the hope then that the fans will continue their support by purchasing season tickets.

It’s all been pretty embarrassing frankly and indicates yet again the financial basket case Rangers FC have unfortunately become.

You would honestly think lessons would have been learned following the crash and burn antics of previous administrations but the club seems to stumble from one crisis to the next.

And in the background is the shadow of Dave King, once a major shareholder and director, and too many a potential white knight.

Rangers are winning but are they playing at their potential? (Picture: PA Wire)

The South African based businessman has spoken of his desire to inject some of his self-made millions back into his boyhood club- but hasn’t there been enough shady characters already making their way along Edmiston Drive in recent years?

Surely then not the type of person who should be seen anywhere near the Ibrox bank accounts ever again?

Whilst events off the field continue to dominate the headlines back on it and Rangers are stuttering to earn the victories required to secure the League One title.

Saturday’s 3-3 home draw with Stenhousemuir was the latest of a series of abject performances which again only highlight the deficiencies in McCoist’s managerial abilities.

His insistence on retaining Emilson Cribari in the starting 11 at the expense of Sebastian Faure or promising youngster Luca Gasparotto ultimately cost the side three points after the bumbling Brazilian conceded a needless penalty.

As I’m already on record before as saying McCoist is failing to make the best of the assets he has at his disposal, such as the tremendous training facilities and academy graduates, that winning championships when the bulk of the opposing teams are part-timers is nothing to crow about.